Is that why oil shares were up a lot Friday? because of an expected deal
If so maybe it's already priced in
I have no idea though
I thought with record levels of oil in storage matched with low demand it would be a while before saw much movement in oil majors but shows how little I know

I did buy the gold producers etf SPGP not long ago but sold it soon after
I've been learning some technical analysis, most of it seems like BS but some indicators seem interesting
From my now limited knowledge, looking at a lot of gold miners they seem like they're going to trend down in the short term along with gold
Maybe 10-15% down into start of July
I don't know anything, more just noting it down for my own curiosity to see how right/wrong I am
If I predict enough things massively wrong i can know to discard what I currently think is usable

If you're predicting another crash what better than all these protesters to set off a second wave of corona and lockdown
Cases would probably start spiking again in July, same time as Q2 results are released, could result in July being a very interesting month
^ Part of me guesses people might have already written off Q2 however bad the results are
At some point, Q3 or Q4 or maybe even Q1 2021 the markets wont be able to trade off of optimism but the facts (you would think anyway)
As I said in another thread I wont bet against the market until i see the TVIX macd lines uncouple
I also wont bet on the market because I don't have the confidence to currently

Thinking about it that's probably one of the main needs of investing, bullish confidence
That confidence should come from a deep knowledge of the investment, it's past, current and future situation and prospects; it could also come from blind faith, which isn't the best but could still work to your advantage
If you don't have that confidence you will either sell as soon as it starts to drop or rise, never maximising your profits
If you don't have that confidence you probably shouldn't be investing
A good test of this is if you see something you're investing in drop 20% over a period of time without anything fundamentally changing, if your first instinct is "oh god" instead of "oh good it's on sale" then you probably shouldn't have your money in it

I have a plan to profit from another crash, doesn't involve shorting but TVIX, would be interested to hear peoples opinions on whether this is solid idea or not.
The macd lines for TVIX are usually coupled, but they uncouple under larger volatility
You can see they started to uncouple around the end of February, that could have been a signal to buy at around $100 and then it went on to peak at $780
So the plan is to use that as a signal to buy in, hold it for month or two depending and see what happens. The risk to reward seems very positive. Not something I'm going to bet my house on, just $200 or so, maybe turn it into $1000+, maybe lose $100

I don't know if it's
The market is super optimistic about a quick and total recovery
just government money
investors are confident the government money is indefinitely going to keep flowing and inflating things
Probably a mixture of the last two? Q2 results in July should be sobering but maybe the real world and accounts play no role in what's moving the markets up
Airlines and cruises and travel stuff are up big in the premarket, Delta and Carnival +10%, it's crazy

Talking of stuff happening..
I've been learning about Tesla recently and their growth, if they sell as many cars as they expect in the next few years they're going to need a lot more nickel for their electric batteries
Will the push for electric cars increase nickel demand and prices in future?
https://www.proactiveinvestors.com.au/companies/news/910319/nickel-demand-set-to-rise-in-2020-along-with-growth-in-electric-vehicle-sales-910319.html#:~:text=This has increased the price,the highest price since 2014.
In 2018 the second largest producer of nickel was Norilsk Nickel (NILSY/mnodl.ru on Etoro) from Russia
News today:
https://news.sky.com/story/russia-declares-state-of-emergency-after-major-arctic-circle-oil-spill-12000221
"Russian president Vladimir Putin has declared a state of emergency after 20,000 tonnes of diesel fuel spilled into a river within the Arctic Circle from a power plant.
The city is built around Norilsk Nickel, the world's leading nickel and palladium producer."
I'm not sure if Norilsk were involved in this incident but their share price dropped 10% today
Ok it's not a very nice thing to think about taking advantage of an environmental disaster but maybe it's an interesting opportunity in nickel if demand/price in future is on the up and up

This video really shows what morons the US police are
An FBI agent investigation a police officer was questioned whether he was legit by the officer, he has a badge and identification
The hillbilly police force still cuff him and put him in the back of a car, he says it's too hot and he can't breath, the officer gets a call on his radio confirming he is legit, they shut the door and leave him in the car whilst they question who exactly says he is legit
How the **** can you be shown a badge and ID, leave him in the car calling for help then shut the door again after your radio tells you he is legit? I looked, it was 3 minutes after he said he can't breath and his radio told him he was legit that he finally let him out of the car

I've been watching a lot of technical analysis videos, it seems pretty much like reading tea leaves
However, using a simple formula using indicators I have prepared some predictions. These are for the next 4 weeks before the July's Q2 results start coming in (which should be interesting)
These predictions are assuming nothing interesting happens in the next 4 weeks
Where I've put sideways/up or down it's where I think they will pretty much go sideways but maybe a little more inclined up or down
Up will be +5% | sideways 0-5% either way | down -5%
Lukoil (LKOD) - Up
Enterprise Product Partners LP (EPD) - Up
BP - Up
Silver - Sideways/Up
Exxon Sideways/Up
Abbot - Sideways/Up
Chevron - Sideways
Canadian Solar Inc (CSIQ) - Sideways/Down
Shell - Sideways/Down
Gold - Down
Roche - Down
I don't know anything of course, I wouldn't bet on my predictions, we will see how badly wrong I am in July

This was a nice one
Protesters protecting a woman
I also like that they beat him up but didn't go overboard with it
https://reddit.com/r/ActualPublicFreakouts/comments/gvtbzo/rioter_attacks_woman_and_then_faces_the_mob/

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